We Need A Hundred Forks Of The Steem/Hive Code Over Time
(Edited)
The fork of Steem last week was a wonderful thing. It present people with more options. That, to me, is the epitome of freedom. When people have choices, tyranny is less effective.
In this video I discuss how we need to see a hundred forks of the software over the next few years. As people innovate, they can implement different structures that will appeal to different groups of people. We offer a distribution system that can help people. The key is to enable the tentacles to reach as far and wide as we can.
▶️ 3Speak
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If it happens again, do you think Steem will fork or Hive will fork?
I actually believe we will see many that do not come from within either community. Outsiders will want to use the software but with a different governance model and distribution.
We will see which software gets updated with what features. That is going to determine what attracts other developers who want to delve into other projects.
Have you been following BravoCoin or their new project Re-Buzz? They are Steem forks with slick native apps but they were not an airdrop hardfork like Hive. Hive is so successful so far because of the airdrop and a few exchanges picking it up.
I still need to watch the video so you might have already said this, but to me that was the beauty of SMT/communities. I saw each of those as their own hardfork without the need to hardfork.
I did not delve into that but that is true.
Of course, that does not change the governance model nor main token distribution. There will be others who will want to alter that.
That’s true about the governance. I always saw the main purpose of steem and now hive as the gateway to the RC credited needed to use the chain. The individual communities and SMTs associated with them would provided the attraction for the masses to actually use the chain if they realized it or not.
For instance, Splinterlands players do not necessarily care what blockchain it is on, but the splinterlands team will need to RC credits one way of the other to support what could be millions of players.
100 new forks is technically possible. More competition is great.
I just want to make sure we're not talking about forking Steem and/or Hive, with all the account history 100 times. That is theoretically possible, but not practical.
If everyone forks their own chain like that (with account history x100), do they continue to work on the previous fork? Do they work on all of them? In some cases, it means 100 times the work, prima facie.
Not always. Sometimes a tool can be designed to work on all 100, if it's well designed. Sometimes an app can also work on all 100, also if it's well designed.
But if there's 100 forks, that at least implies 100 times the blocklogs. I think at some point, a block signer would only pick one or two forks to run. Most certainly, someone running a full (fat) RPC node would only run on one fork at most because the costs are too high.
So if one one person will run one full node per fork, even if there's 100 different people doing that, this represents the main limiting factor in app deploy.
Realistically, there would not be 100 full nodes on each fork. Realistically, there would only be one fork, perhaps two forks out of the 100 forks that would receive a full node.
There are 5,000 crypto-projects. Hive managed to avoid being ranked 5001. That was not luck.
Great video! Exactly my thoughts. I'd like to add that the combined network effect of all the forks could be enormously boosted if the tokens could be all swapped effortlessly. Cross-chain atomic swaps is one tool to be utilized at that. On Steem forks, cross-chain atomic swaps could be fast because of the fact that we have a DPoS consensus mechanism. Such a swap would require agreeing on a standard hash function to be used for certain steps in the swap but calculating a hash a couple of times per swap is not very heavy.
Interesting thought, although...
I would rather we have 100 SMT's instead! We have done right with Hive. The very core ideals brought us all here, it's such a great group of like minded people. The core ideals is why we all started with Steem/Steemit in the first place!
I'm so excited to be back contributing, building and growing our network that I truly believe can empower the internet with true decentralization and 100% Censorship Resistance! -- Hive on
Summary:
In this video, Task discusses the recent fork in the Steam blockchain, which has resulted in two separate blockchains, Steam and Hive. He reflects on the history of previous forks in the Steam blockchain and the importance of having multiple options and forks in the cryptocurrency space. Task emphasizes the need for decentralization, variety, and opportunities in blockchain and cryptocurrency projects. He underscores the potential of cryptocurrency to provide funding for ambitious projects across various fields like technology, space exploration, medical research, and renewable energy. Task highlights the significance of cryptocurrency in enabling the creation of digital assets and rewarding individuals for their contributions. He advocates for the growth of the ecosystem through decentralized projects and the proliferation of choices for users and content creators.
Detailed Article:
Task's video delves into the recent fork in the Steam blockchain, leading to the emergence of two separate blockchains, Steam and Hive. He mentions the history of past forks in the Steam blockchain, including whale shares, bear shares, and Goliath, pointing out that previous forks have not been overwhelmingly successful. Despite this, he stresses the value of having multiple options and forks in the blockchain space, advocating for decentralization and providing opportunities for all individuals in the cryptocurrency ecosystem.
Task discusses the potential of blockchain and cryptocurrency in providing alternatives and opportunities for users. He emphasizes that blockchain technology inherently provides choices, decentralization, and the chance for everyone to participate in the ecosystem. Task argues that the ability to fork off from existing blockchains allows for innovation, specialization, and governance tailored to specific needs and preferences.
Moreover, Task reflects on the need for substantial funding to support ambitious projects in various fields like technology, space exploration, medical research, renewable energy, and artificial intelligence. He compares the costs of historical projects like the Apollo program to current endeavors such as Starlink by SpaceX, illustrating the significant capital required for technological advancements.
Additionally, Task highlights the role of cryptocurrency in funding projects and enabling individuals to create digital assets. He promotes the idea that cryptocurrency can empower average individuals to earn, trade, and accumulate assets independently of traditional financial systems.
In conclusion, Task emphasizes the importance of expanding options, promoting innovation, and fostering a decentralized ecosystem through blockchain and cryptocurrency projects. He underscores the potential for cryptocurrency to revolutionize funding for groundbreaking initiatives and provide opportunities for all participants in the digital asset space.